TASHKENT, Uzbekistan, March 9. The State Assets Management Agency (SAMA) of Uzbekistan has sold the state stake in the Alpomish Tegirmon third grain enterprise since the beginning of 2024, Trend reports.
According to SAMA, the buyer of the enterprise, which belonged to Surxondaryodonmahsulotlari JSC, was Al Don Progress, which offered 40 billion soums ($2.9 million) for the state asset.
The new owner is obliged to maintain the current profile of the enterprise for five years and not reduce the existing volume of grain storage. He will also have to maintain the volume of grain in the state reserve at the prices set in the legislation.
When considering price proposals for state shareholdings in grain enterprises and property complexes of their branches, a mechanism was introduced to gradually reduce the recommended appraised value by 50 percent.
Currently, 21 grain enterprises and 7 property complexes are offered to buyers.
Meanwhile, Petroleum Technology Group has become the owner of Chinaz Oil Refinery in Uzbekistan.
According to the Unified State Register of Enterprises and Organizations, Petroleum Technology Group now owns a 100 percent stake in the Chinaz Oil Refinery.
Prior to that, the refinery was part of the state-owned Uzbekneftegaz (oil and gas industry company).